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re: Another “can I retire comfortably” question
Posted on 11/14/23 at 4:10 pm to Lgrnwd
Posted on 11/14/23 at 4:10 pm to Lgrnwd
quote:
3 million in 401k, house and vehicles paid off (debt free), $1500 a month pension, $300,000 in savings/liquid accounts, 50% employer paid to health insurance.
Wife doesn’t work, child starting college (separate account “should” cover most of this cost). Living in an “average” cost of living area nationally. Nice but not “luxurious” lifestyle. 3 nice vacations (1 international) every year is desired.
Retirement age 53, starting 8 years from now.
My calculations say very doable. Am I missing something? (Outside of something like some crazy runaway hyperinflation at that time)
What are you monthly expenses? Pension likely covers insurance and property tax. Your monthly living expenses are the most important variable to be able to provide any real analysis of the situation.
Posted on 11/14/23 at 4:34 pm to lynxcat
quote:
What are you monthly expenses? Pension likely covers insurance and property tax. Your monthly living expenses are the most important variable to be able to provide any real analysis of the situation.
Current monthly utility bills plus vehicle and home insurance, about 1300 a month
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